What Cet Power Projects Ltd does

CET Power Projects Ltd is a Nigeria-headquartered, privately held independent power provider that develops, finances and operates captive and embedded power plants for industrial, commercial, governmental and mining customers across West Africa. Founded in 2003 (originating from Renatech LLC, established 2001) and headquartered in Abuja, the company offers three integrated service lines: Power Generation Energy Sales under short-term (Emergency Power Project, EPP) and long-term (Independent Power Project, IPP) arrangements; Engineering, Procurement and Construction (EPC) of power stations; and 24/7 Operation and Maintenance (O&M) with automated incident response and fuel/spares management. Its fleet historically exceeds 200MW of deployed gas- and diesel-fired generation capacity across 100+ project sites, with capabilities sized from 1MW to 200MW and an additional 25MW+ reportedly available for rapid (two-day) emergency deployment.

Technically, CET Power's installations are built around SCADA-based supervisory control and load management systems, sound-attenuated power houses and modern fire-safety equipment, enabling the company to claim 99% average availability and a 20-year track record of zero contract delivery failures. The company is now extending beyond thermal generation through Project Virt Gas (small-scale LNG liquefaction and distribution near upstream gas facilities, with fixed pricing for up to 10 years) and a Solar Automation Desk focused on renewable-energy transition, executed through affiliate CETEnergy Ltd and related CETOil & Gas, CETTrading, CETExploration and CETLogistics entities.

Commercially, CET Power generates revenue from multi-year IPP and EPP power-purchase subscriptions, one-time EPC contracts, recurring managed O&M services, and emerging LNG transaction fees. Pricing is quote-based and not publicly disclosed. Go-to-market is direct enterprise field sales to industrial-scale and mid-layered clients in Nigeria, supplemented by chamber-of-commerce partnerships (Lagos, Port Harcourt, Nigerian-American) and industry-conference participation (e.g., Mining Indaba). Anchor clients include Lagos University Teaching Hospital, Lagos State Government (via subsidiary Mainland Power Ltd under a 10-year PPA), Sierra Rutile Ltd in Sierra Leone, Nigerian Breweries/Heineken, Nigerian Bottling Company (Coca-Cola Hellenic), Lafarge WAPCO, Dangote, BAT Nigeria, May & Baker, Crown Flour Mills and Transcorp Hilton, spanning over 50 clients across manufacturing, F&B, tobacco, pharmaceuticals, mining, healthcare, government and hospitality sectors.

Name

Cet Power Projects Ltd

Legal name

CET Power Projects Ltd

Website

https://cetpower.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Independent Power Production

NAICS

Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Captive power generation
• Embedded power solutions
• Power plant EPC
• Off-grid power services
• Industrial power generation

Headquarters

HQ city

Abuja

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation and Energy Sales: Outsourced power supply to organizations with industrial-scale operations on either short-term (EPP) or long-term (IPP) basis, providing 1MW to 200MW capacity ranges
2. Engineering, Procurement & Construction (EPC): EPC services for power stations and plants including financing, deployment, installation and technical commissioning
3. Operation and Maintenance (O&M): Round-the-clock O&M services with automated and structured incident response, fuel/spares/waste management for power generation sites
4. LNG Solutions (Project Virt Gas): Small-scale liquefaction and distribution of LNG to industrial clients unserved by pipeline gas, providing cleaner and more cost-effective energy alternatives

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

CET Power develops, finances, and operates captive and embedded power plants for industrial, healthcare, government, and mining clients in Nigeria and West Africa, supplying outsourced electricity through short-term Emergency Power Projects (EPP) and long-term Independent Power Projects (IPP) in capacities ranging from 1MW to 200MW. The company also delivers turnkey Engineering, Procurement & Construction (EPC) of power stations and round-the-clock Operation & Maintenance (O&M) services, and is extending into cleaner energy through Project Virt Gas small-scale LNG liquefaction and a Solar Automation Desk for renewables.

Product overview

CET Power operates as a captive and embedded power solutions provider in Nigeria and across Africa, offering three integrated service lines: Power Generation Energy Sales (outsourced EPP/IPP arrangements), Engineering Procurement & Construction (EPC) of power stations, and Operation & Maintenance (O&M) with 24/7 on-site support. Its portfolio spans traditional gas and diesel generation as well as emerging clean-energy initiatives including Project Virt Gas (small-scale LNG) and a Solar Automation Desk for renewable energy transition. The company runs multiple reference power plant projects including the 8.8MW Mainland Power IPP (Lagos), 5.48MW LUTH Plant, the Nigerite project, and the Sierra Rutile mining facility in Sierra Leone, with a documented capacity of over 200MW historically deployed across 100+ sites.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Generation Energy Sales Outsourced power generation and energy sales to organizations with industrial-scale or mid-layered operations on a short-term (Emergency Power Project, EPP) or long-term (Independent Power Project, IPP) basis, providing capacity in 1MW to 200MW pockets with 99% average availability.
• Engineering, Procurement & Construction (EPC) End-to-end EPC services for the design, construction, financing, deployment, installation and commissioning of power generation stations and plants, including project consulting and feasibility analysis for enterprise clients.
• Operation and Maintenance (O&M) Round-the-clock on-site operation and maintenance services for power generation sites, including automated incident response, fuel and spares management, waste management, and ongoing performance optimization for industrial clients.
• Project Virt Gas (Small-Scale LNG Solutions) Small-scale LNG (liquefied natural gas) initiative involving development of liquefaction sites near upstream gas production facilities and delivery of LNG to industrial and mining clients unserved by pipeline gas, providing cleaner energy at roughly 55% the cost of equivalent diesel with fixed gas pricing for up to 10 years.

Quantifiable outcome

• 99% average availability across all operative sites
• +4 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Mainland Power LtdcoreStrategic or Co-development Partner · 1 January 2014Subsidiary of CET Power that owns and operates the 8.8MW Mainland Power Plant through an Independent Distribution Network, governed by a 10-year PPA with Lagos State Government
• Nigerian Bulk Electricity Trading (NBET)coreStrategic or Co-development Partner · 1 January 2013Participation in 2013 NIPP-assets privatization exercise with aggregated bid for Gbarain and Omotosho Plants exceeding USD $700m
• Geometric Power LtdcoreStrategic or Co-development Partner · 1 January 2001Initial partnership in 2001 (as Renatech LLC) with Geometric Power to provide 22MW additional capacity supplementing the grid - the Federal Government's first Captive Power Project
• Lagos Chamber of Commerce & IndustryminorGTM or Marketing PartnerMembership and partnership in Lagos Chamber of Commerce & Industry for networking and business development within the Nigerian business community
• Port Harcourt Chamber of CommerceminorGTM or Marketing PartnerMembership and partnership in Port Harcourt Chamber of Commerce for networking and business development in the Niger Delta region
• Nigerian-American Chamber of CommerceminorGTM or Marketing PartnerMembership in Nigerian-American Chamber of Commerce facilitating cross-border business opportunities and partnerships
• CETEnergy LtdcoreStrategic or Co-development PartnerStrategic affiliate company expanding into oil and gas sector, operating through CETOil & Gas, CETTrading, CETExploration, and CETLogistics affiliates. Led by Managing Director David Agbim, it is driving the Virt Gas Project for small-scale LNG business development
• Lagos State GovernmentcoreStrategic or Co-development PartnerGovernment partner through 10-year Power Purchase Agreement for Mainland Power IPP, with provision for transfer of ownership after 10 years and training of government personnel for O&M responsibilities

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Cummins Inc. Cummins supplies diesel and gas generator sets plus turnkey power solutions globally, overlapping directly with CET Power's product stack including engine packages, EPC integration and long-term O&M for distributed industrial sites.
• ENGIE Africa (formerly PowerGen Africa): ENGIE Africa's distributed-energy, mini-grid and embedded-generation arm competes with CET Power for industrial and utility off-takers across East and West Africa, bringing broader-balance-sheet financing capability that CET lacks.
• Wärtsilä Energy: Wärtsilä is a large established engine and EPC provider whose gas- and liquid-fuel power plants and lifecycle services compete with CET Power's thermal captive and embedded generation projects, particularly for industrial and baseload IPPs.

Direct peers

• APR Energy: APR Energy competes in fast-deploy temporary and intermediate power under multi-month to multi-year contracts with utilities and industrial customers in Africa, the Middle East and the Americas, analogous to CET Power's EPP and IPP offerings.
• Aggreko: Aggreko is the closest direct peer: it supplies temporary, interim and modular power (1MW–100MW+) to industrial, mining and utility customers worldwide via IPP/EPP-style contracts, mirroring CET Power's outsourced captive-power model, gas and diesel technologies, and rapid deployment ethos.
• Karpowership: Karpowership delivers powership-based IPPs to West African and other emerging-market utilities under multi-year PPAs, competing head-to-head with CET Power for embedded and grid-capacity contracts in Nigeria and neighbouring countries.

Regional players

• Mainstream Energy Solutions: Mainstream Energy Solutions operates Nigerian hydro and renewable IPPs and competes with CET Power for industrial and government embedded-power offtake, sharing the same Nigerian regulatory environment and large-industrial customer base.
• Geometric Power Ltd: Geometric Power is CET Power's long-standing Nigerian partner on the original Aba-integrated power project and a direct domestic competitor for captive and embedded generation contracts in Nigeria.

Emerging players

• Enerwhere: Enerwhere is a Dubai-based distributed-solar and hybrid IPP serving industrial and mining clients across Africa and the Middle East; it is an emerging competitor for off-grid industrial power, the same use case CET Power addresses with thermal captive and Virt-Gas-LNG solutions.

Others

• Worley (power services): Worley provides EPC and O&M services for distributed power and energy infrastructure projects globally; while not a generator, its service offering overlaps CET Power's EPC and O&M revenue lines for industrial power assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cet-power-projects-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cet Power Projects Ltd